What should your net worth be at your age? 👇
The US Federal Reserve recently surveyed around 5,000 families across America. They compiled data regarding median income, assets, debt, and net worth.
With this data, I prefer to look at median numbers rather than averages. The reason for that is because there is an extremely select group of over-performing earners that bring the total average way up. For example, Mark Zuckerberg became a billionaire at age 23. He skews the average. The median number finds the person that is squarely in the middle of all earners and takes their net worth as the benchmark.
So what is the median net worth at every age? Keep reading 😎
Age 20-24: $10,800
Age 25-29: $30,160
Age 30-34: $89,801
Age 35-39: 141,200
Age 40-44: $134,730
Age 45-49: $212,800
Age 50-54: $272,800
Age 55-59: $320,700
Age 60-64: $394,010
Age 65-69: $394,300
A reminder that being above or below these numbers doesn't necessarily mean you're doing great or doing badly. Every person's circumstances are different. It is just a way to see where you stand compared to Americans in a similar stage as yourself.
Have a great weekend!
